Taxes

263 Articles total.
How To Audit-Proof Your Tax Return Forever: A Recent Close Encounter Of The IRS-Kind

On Feb 25, 2015 0 104 52

Congress has passed legislation that is supposed to result in a more "sensitive" Internal Revenue Service. You know, not such a lean, mean, tax-collecting machine. Hmmm . . . . What do you think? A few months ago, one of my clients (let's call him Mr...

Deducting Alimony Payments

On Feb 25, 2015 0 104 52

Over 50% of marriages end in divorce in the United States. Many divorce decrees include provisions for the payment of alimony. The IRS takes the position that such payments constitute a form of income and create an alimony tax deduction for the person making payments...

Income Tax Help

On Feb 25, 2015 0 104 52

There are many websites on the Internet today that gives much needed income tax help for those who have no idea of what's going on during tax time. Income tax is a tax paid on income, unfortunately no matter how little it is...

Year End Investment Ideas and Tax Strategies

On Feb 25, 2015 0 104 52

First thing Monday morning I'm going to march into my boss's office and demand a pay cut so that I'll be in a lower tax bracket next year. Of course that's ridiculous, but isn't it about the same as the financial community's "Conventional Wisdom" (CW) for year-end tax planning? What about the long-term nature of investing, or the merits of that investment they felt so strongly about in July? What are their motivations, and what discipline thought up these strategies in the first place? Clearly there are many questions that require answers, but as investors, it should be crystal clear that the object of the investment exercise is to make money...

Will the Estate Tax Ever Go Away?

On Feb 25, 2015 0 104 52

The “Estate Tax†is the tax that the government puts on the assets that are transferred to your beneficiaries when you die. Taxable assets can include real estate, stocks, money in a bank account, and other valuable belongings...

Should You Pay Taxes Or Not?

On Feb 25, 2015 0 104 52

The first attempt to impose an income tax on America occurred during the War of 1812. After more than two years of war, the federal government owed an unbelievable $100 million of debt. To pay for this, the government doubled the rates of its major source of revenue, customs duties on imports, which obstructed trade and ended up yielding less revenue than the previous lower rates...

IRS Warning Taxpayers About New Email Scams

On Feb 25, 2015 0 104 52

If you have an email account, you know about all the scam emails you get. Scammers are getting braver and using the IRS name in their new tactics. IRS Warning Taxpayers About New Email Scams The IRS has begun warning taxpayers that it is seeing a surge in tax scam emails...

Your IRS Tax Appeal Rights

On Feb 25, 2015 0 104 52

Are you in the middle of a disagreement with the IRS? One of the guaranteed rights for all taxpayers is the right to appeal. If you disagree with the IRS about the amount of your tax liability or about proposed collection actions, you have the right to ask the IRS Appeals Office to review your case...

The Tax Payer as Gilligan

On Feb 25, 2015 0 104 52

Let†s all sing a new version to the tune of the 60†s sitcom “Gilligan†s Island††“Just sit right back and you'll hear a tale, a tale of mishandled use; that started with our nation†s past to form a fiscal noose...



Dealing With Taxes If You Live and Work Outside The United States

On Feb 25, 2015 0 104 52

When solar cells first came on the scene in the 1950s, they were simple. Now, there are a wide variety of cells and more are coming as technology improves. An Overview of Solar Cells Through The Years Solar cells are the basic component of any active system used to convert sunlight into a form of energy...

10 ways to cut your property taxes

On Feb 25, 2015 0 104 52

Property taxes are decided collectively by school boards, town boards, legislators, and councils. The tax rate is set by collating the amount of funds an area needs. This is then divided that by the “total taxable†assessed value of the area...

Fraudulent Tax Shelters – KMPG Goes Down Hard

On Feb 25, 2015 0 104 52

In the largest criminal tax case ever filed, KMPG has copped a plea to using fraudulent tax shelters to bilk the government out of 2.5 billion dollars. KMPG has agreed to pay a fine of $456 million dollars, but nine of its executives still are under indictment...

Per Diem Rates and Business Taxes

On Feb 25, 2015 0 104 52

The tax code for the United States is over 50,000 pages. Buried in this code is the subject of per diem rates, a topic that can save businesses money on their taxes. Per Diem Rates and Business Taxes Understanding the Internal Revenue Service and all of its workings when trying to fill out your tax forms can be a monumental undertaking indeed...

Maximize Your After-Tax Returns

On Feb 25, 2015 0 104 52

If you want to minimize receiving taxable distributions from mutual fund investments, tax-efficient funds should be considered for your investment portfolio. In tax-efficient investing, the focus is not on what you earn but what you are able to keep...

Tax Jokes and Quotes

On Feb 25, 2015 0 104 52

Do you realize that some tax forms ask you to check a box if you are BLIND? Quote: “Two years ago it was impossible to get through on the phone to the IRS. Now it's just hard to get through. That's progress...

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